Who in their right mind would bid this stock up to $13.10 if they felt all they could make was 15 cents in 6 months or more time
Answer is the "smart money" is aware and speculating on a competitive offer or a higher offer and is loading up whilst the stupid money, such as the ignorant undertakers on this board sell.
Such is life, the strong take from the weak, the smart take from the stupid.
million $ man
Arbitrage probably. Still a nice percentage return considering the additional $0.045 divi's payable until merger.
Or if the government said no you would see 6.50. Long shot,but stranger things have happened.